Post Utme Oau 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Oau Accounting examination.

Post Utme Oau 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_OAU • 2019 • ACCOUNTING • objective

A company's trading account for the year ended 31st December 2022 shows the following: Sales: ₦500,000, Cost of Goods Sold: ₦350,000. Calculate the gross profit for the year.

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Oau 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Oau Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support